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Required information Required 1 Fill in the amounts in the tables below. Note: Indicate the effect of each variance by selecting Favorable or Unfavorable. Select
Required information Required
Fill in the amounts in the tables below.
Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter for no effect ie zero variance Round "Act
Price" to decimal places. Fill in the amounts in the tables below.
Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None"
ie zero variance Round "Actual Price" and "Standard Price" to decimal places. Required
Required
Fill in the amounts in the tables below.
Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter for no effect ie zero var "Standard Price" to decimal places.
tableDirectLabor Rate and Efficiency VariancesActual Labor Cost,Projected Labor Cost,Standard Labor CostActual Hours,xActual Rate,Actual Hours,xStandard Rate,Standard Hours,xStandard Ratexxxhours used,,per hour,hours used,,per hour,hours allowed,,per hourDirectlabor rate variance,,Directlabor efficiency varianceDirectlabor variance,,,
During June, Danby Company's material purchases amounted to pounds at a price of $ per pound. Actual costs
incurred in the production of units were as follows:
The standards for one unit of Danby Company's product are as follows:
Direct Labor:
Quantity, hours per unit
Rate, $ per hour
Direct Material:
Quantity, pounds per unit
Price, $ per pound
Required:
Fill in the amounts in the tables below.
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